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AUD/USD

  • #27,001
  • Jan 11, 2011 12:16am Jan 11, 2011 12:16am
Quoting monarch
I took the break of 9837 for a few pips, I am not thrilled with the Frankfurt market opening soon.

Right. For the newbies, as the global trading sessions change hands, there is a 1 hour time slot from 6am to 7am London time when Frankfurt controls the trading floor prior to London opening @ 7am.

Frankfurt have a nasty habit of getting it wrong. When London opens, they correct it.

Trading during Frankfurt is always a big worry.

If you need a free international digital clock, you can download the free version of this one (just scroll down for the free download)

http://qlock.com/download/

Set the 4 available time zones to New York, London, Frankfurt and Tokyo.
  • #27,002
  • Jan 11, 2011 12:18am Jan 11, 2011 12:18am
Price has remained sideways here on the 5min chart, even though the pressure of the trend is DOWN.

I am watching reaction around 9830 area...

Above could mean some more on the upper, and below probably DOWN.

A tough range so far to think correction is in progress.
  • #27,003
  • Jan 11, 2011 12:19am Jan 11, 2011 12:19am
backed up by news saying that aussie is overvalued, the flood, etc etc.
one break, its going to get drowned just like Brisbane CBD soon.

2 cent.
  • #27,004
  • Edited 12:24am Jan 11, 2011 12:20am | Edited 12:24am
Quoting Jade Gate
Right. For the newbies, as the global trading sessions change hands, there is a 1 hour time slot from 6am to 7am London time when Frankfurt controls the trading floor prior to London opening @ 7am.

Frankfurt have a nasty habit of getting it wrong. When London opens, they correct it.

Trading during Frankfurt is always a big worry.

If you need a free international digital clock, you can download the free version of this one (just scroll down for the free download)

http://qlock.com/download/

Set the 4 available time zones to New...

Absolutely, Frankfurt is well known of BIG TRAPS, I would watch the market 30 minutes prior to the open, here in about 10 minutes we normally see some more movement occur.
cheers.

Here is my 5min chart, my stop is 1 pip below entry.
Target below the top yellow line.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 5min.jpg Size: 110 KB
  • #27,005
  • Jan 11, 2011 12:23am Jan 11, 2011 12:23am
Quoting redsword11
Attachment

stopped


bought aud @ 0.98358 stops @ 0.98122
  • #27,006
  • Jan 11, 2011 12:26am Jan 11, 2011 12:26am
I decided to exit long at the last high we had on 5min. +9 pips, since were so near the time it could go either way without reason.

Cheers.
  • #27,007
  • Jan 11, 2011 12:31am Jan 11, 2011 12:31am
To lovers of reversal, we will have two key points: 0.9750 level and more important 0.9600 level with closer following KIWI which did not touch yet 0.7500 point despite the big moves up and down of Aussie.

Be carefull, it will not be easy trades this week, even confident on your calculation.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #27,008
  • Jan 11, 2011 12:36am Jan 11, 2011 12:36am
Kiwi and EU may be the higher probability long trades today. AU may get stuck via traffic on the EUR/AUD cross
Attached Image (click to enlarge)
Click to Enlarge Name: kiwim30.gif Size: 20 KB
  • #27,009
  • Jan 11, 2011 12:49am Jan 11, 2011 12:49am
longer trade or "long" trade?

im stuck there
  • #27,010
  • Jan 11, 2011 12:54am Jan 11, 2011 12:54am
might want to look at EUR/GBP around here - 7 mins to London fixing up Frankfurt's habitual stuff-up
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpm30.gif Size: 16 KB
  • #27,011
  • Jan 11, 2011 12:57am Jan 11, 2011 12:57am
at least they are getting the Kiwi right for a change

.....so far
  • #27,012
  • Jan 11, 2011 12:57am Jan 11, 2011 12:57am
Total castastrphoe in qld will take years to rebuidl infrastructure
  • #27,013
  • Jan 11, 2011 1:03am Jan 11, 2011 1:03am
http://www.heraldsun.com.au/
  • #27,014
  • Jan 11, 2011 1:07am Jan 11, 2011 1:07am
Quoting redsword11
stopped


bought aud @ 0.98358 stops @ 0.98122

Attached Image (click to enlarge)
Click to Enlarge Name: room.jpg Size: 68 KB
  • #27,015
  • Jan 11, 2011 1:21am Jan 11, 2011 1:21am
Quoting Alki
To lovers of reversal, we will have two key points: 0.9750 level and more important 0.9600 level with closer following KIWI which did not touch yet 0.7500 point despite the big moves up and down of Aussie.

Be carefull, it will not be easy trades this week, even confident on your calculation.
I agree with this,,
wait and see first,,

because yesterday I loss in the AUDUSD, I sell, it turns out the price moves up,
only an analysis, and I'm always wrong, don't follow me,
  • #27,016
  • Jan 11, 2011 1:55am Jan 11, 2011 1:55am
Major stops 98.00
  • #27,017
  • Jan 11, 2011 2:15am Jan 11, 2011 2:15am
Quoting strategicfx
Major stops 98.00

you buy?
Logics do not apply in FOREX
  • #27,018
  • Jan 11, 2011 2:34am Jan 11, 2011 2:34am
Bid @98.20 want to touch 99.20/60 before re-enter possible offer
  • #27,019
  • Jan 11, 2011 2:37am Jan 11, 2011 2:37am
Quoting redsword11
stopped


bought aud @ 0.98358 stops @ 0.98122
If you pardon the pun...are you sure you wanna swim against the tide?
  • #27,020
  • Jan 11, 2011 2:46am Jan 11, 2011 2:46am
http://www.skynews.com.au/finance/ar...id=563185&vId=
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